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Ultra Stock Falls On Unusually High Volume (UPL)

Ultra Petroleum Corporation (NYSE:UPL) is trading at unusually high volume Thursday with 5.3 million shares changing hands. It is currently at two times its average daily volume and trading down 59 cents (-3.4%).

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Ultra Petroleum Corporation (NYSE: UPL) is trading at unusually high volume Thursday with 5.3 million shares changing hands. It is currently at two times its average daily volume and trading down 59 cents (-3.4%) at $16.81 as of 3:50 p.m. ET.

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Ultra has a market cap of $2.62 billion and is part of the basic materials sector and energy industry. Shares are down 5.4% year to date as of the close of trading on Wednesday.

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ultra as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Ultra Ratings Report.